Middletown, NJ Entrepreneur Gets SBA Loan to Buy Meineke Discount Muffler Franchise

Need money to purchase a Meineke Discount Muffler franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.

Meineke Discount Muffler franchise loans are available to Middletown, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Sovereign Bank, based in Wyomissing, Pennsylvania, issued an SBA franchise loan for a Meineke Discount Muffler franchise in 2003. We've got all the details on this New Jersey small business loan.

SBA Loan Borrower

MEINEKE OF MIDDLETOWN
MIDDLETOWN, NJ 07748

SBA Loan Lender

SOVEREIGN BANK
1130 BERKSHIRE BLVD
WYOMISSING, PA 19610

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

7/1/2003

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Meineke Discount Muffler franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Meineke Car Care Centers

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SBA 7A Banks for Wyomissing, Pennsylvania Loans

Pennsylvania SBA 7A Lenders